The tourism, hospitality and leisure industry finds itself at the forefront of unprecedented challenges. Our latest report looks at some of the changing trends in the industry, including an assessment of the impact of pandemics and the measures businesses are taking to manage their potential exposure.
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Tourism, Hospitality & Leisure
The global THL team at Deloitte consists of over 2000 professionals who provide solutions to the challenges facing companies as they adapt to the changing regulatory environment, face new political, economic and market pressures and adjust to technological developments. We are ready to support you in navigating a safe passage through these unsheltered waters.
Issues and trends within the industry
- Capital raising
Many companies need to repair their battered balance sheets amid the worst conditions in the sector since the 1990s. We have a proven track record in assisting businesses to achieve rapid improvements in cash and working capital management. Our cash and working capital team can help you to unlock cash, reduce funding requirements, improve cash flow visibility, assist in negotiations with key creditors, improve asset utilisation and smooth relationships between management, lenders and other stakeholders. - Debt Advisory
Debt market conditions have created a complex and challenging environment for borrowers and many businesses are examining their existing financial arrangements. In the current climate, it is vital to have the right advisor from the start. Deloitte has a team dedicated to advising you through these difficult times. Over the past three years, we have advised on debt facilities totalling over £20 billion. Using this knowledge and experience we can guide you through a refinancing, recapitalisation and other debt raising process. We typically advise clients on renegotiation, refinancing and acquisitions, and disposals and mergers. - Distress and Receiverships
High profile failures in the Tourism, Hospitality and Leisure industry have demonstrated how susceptible companies can be to significant downturns in business, coupled with rapidly rising costs. Deloitte’s Reorganisation Services team is able to help should your business be facing these difficulties. We are recognised as the Global Leader in Corporate Restructuring and provide professional, pre-eminent advice to the management and stakeholders of underperforming and financially distressed businesses. We use our expertise to help you maximise recoveries and protect investments.
Our Clients
Deloitte in the Tourism, Hospitality and Leisure sector:
- We are the leading provider of professional services to the international hospitality industry, working with all five of the leading global hospitality companies and seven out of ten of the world’s largest hospitality companies.
- We work with the majority of the FTSE 250 hotel companies and the overwhelming majority of the branded hospitality companies in the UK.
- In the UK we have the leading industry market share, enjoying some 50% lead against our closest competitors in terms of size of revenues.
- We provide services to six out of the eight Hospitality and Leisure companies in the FTSE100 and 21 of the 27 Tourism, Hospitality and Leisure companies in the FTSE350.
- We act for the owners, operators, developers and investors of most of the world’s leading hotel companies, as well as many fast developing branded hotel groups domestically and internationally.
- We provide services to most of the world’s leading online distributors, tour operators and agents and all the travel companies in the FTSE250. Deloitte is a leading advisor on specific travel related issues such as TOMS (Tour Operators’ Margin Scheme) and bonding
